RE:RE:RE:RE:RE:Getting my TFSA account tomorrow!The only caveat about the TFSA is I can't pull money out and put it back in, it's capped at $10K per year.
Not quite. You can always put back the withdrawal you make in one year, the
following year.
Example: I take out $10k right now (December 2015) to cover my holiday expenses. On or after January 1st 2016 I can replace that $10k
PLUS add the yearly allowance of $10k for a total infusion of $20k back into the TFSA. (Note: The new government might roll back the 2016 contribution amount from $10k to $5,500 with the result that the above example would only permit a total of $15,500 total infusion.)
So the rule is that any money you withdraw can always be replaced in subsequent years.
CdnWest